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2005 POPLAR ST Detroit, MI 48208
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Key Details
Property Type Vacant Land
Sub Type UnimprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision Woodruffs Sub (Plats)
MLS Listing ID 20240003629
Property Sub-Type UnimprovedLand
Property Description
2 vacant land parcels in CORE CITY! Total of 0.12 acres. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood.
Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. LOTS WILL NOT BE SOLD SEPARATELY. Addresses are: 2005 Poplar & 2007 Poplar. Total of 0.12 acres. Bundle price is $7,000
Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. LOTS WILL NOT BE SOLD SEPARATELY. Addresses are: 2005 Poplar & 2007 Poplar. Total of 0.12 acres. Bundle price is $7,000
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Exterior
View Y/N No
Building
Sewer SewerAtStreet
Water WateratStreet
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes
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